NEPSE Concludes Week With 5.58% Gain and Turnover of Rs 21.99 Arba; Weekly Summary with Sector Comparison, Major Highlights, and More
Fri, May 24, 2024 12:38 PM on NEPSE News, Stock Market, Weekly Analysis, SS Pro, Latest,
Part 1: Rundown and Technical Analysis
The market traded for four trading days this week as Wednesday was a public holiday. The NEPSE Index closed at 2,131.49 after gaining 112.73 points (5.58%). The index closed at 2,018.76 last week gaining 2.67% from the previous week.
This week, the index went as high as 2,140.02 and as low as 2,028.15 hence witnessing volatility of 111.87 points. The index had seen volatility of 86.02 points in the previous week.
The highest intraday loss was 45.69 points on Sunday with a turnover of Rs 5.25 Arba, however, the total turnover stood at Rs 21.99 Arba this week.
Momentum Indicators
The RSI reading on the daily timeframe is 75.77. Meanwhile, the RSI reading on the weekly chart is 59.70.
Conversely, the MACD and Signal lines are in the positive zone i.e., above zero with the MACD reading at 18.42.
Nepse Index is above the 20-day Exponential Moving Average and the 5-day Exponential Moving Average. The Index above the moving average indicates earlier bullish sentiment.
2,020 -2,050 zone may act as the nearest support whereas, the 2,200 zone will act as resistance.
Part 2: Insight into Important Data
The highest intraday loss was 45.69 points on Sunday with a turnover of Rs 5.25 Arba, however, the total turnover stood at Rs 21.99 Arba this week. Over 5.42 crore unit shares have been traded through 3,07,691 transactions this week. The current market capitalization of NEPSE is Rs. 3,379,910.34 million i.e. Rs 33.79 Kharba.
NEPSE index and Sub-indices performance: (Gain/ loss is based on the previous week's close)
The NEPSE index inclined by 5.58% this week. All sector indices are closed in green.
Stocks with the highest Monthly Beta:
Top Ten Gainers of the Week:
Top Ten Losers of the Week:
People's Power Limited (PPL) price has decreased by 13.33% and its LTP stands at Rs. 468.
All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.
Top Stocks by Turnover, Volume, and Number of Transactions:
Pokhara Finance Limited (PFL) is the top-traded company of the week. Rs. 76.41 Crores worth of PFL shares were traded this week.
Top Buyers Brokers of the Week:
This week, Naasa Securities Company Limited (Broker No- 58) was the top buyer broker and bought stocks worth Rs. 1.20 Arba.
Top 10 Bought Companies by Top Buyer Brokers:
Top Seller Brokers of the Week:
Naasa Securities Company Limited (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 1.21 Arba.
Top 10 Sold Companies by Top Seller Brokers:
All the analysis is done with the SS Pro Software. To learn more about the software, click on the link below.
